secwatch.observer — SEC 8-K summary
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Issuer:     Strategic Storage Trust VI, Inc. (SGST)
CIK:        0001852575
Form:       8-K
Filed at:   2025-09-05T23:59:59+00:00
Accession:  0000950170-25-113187
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SST VI raises up to $35M via Series D preferred units sold to SmartStop affiliate
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- Initial issuance of 200,000 Series D Preferred Units for $5M on Sept 4, 2025; total capacity up to 1.4M units for $35M.
- Distributions: 6% annum for first 2 years, stepping to 7% (yr3), 8% (yr4), 9% thereafter, payable monthly.
- Proceeds to be used for debt repayment (including sponsor), development pipelines, and working capital.
- Series D Preferred Units rank senior to common units, on parity with certain others, junior to Series B Preferred.
- Operating Partnership may redeem after 2nd anniversary at 100% of liquidation preference plus accrued distributions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852575/000095017025113187/0000950170-25-113187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852575/000095017025113187/sstvi-20250904.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-113187

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer